---
title: "Our Bond Revises Equity Line With Ascent, Cuts Max Commitment to $50 Million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285055836.md"
description: "Our Bond has revised its equity line with Ascent, reducing the maximum commitment to $50 million and tightening conditions for expanded closings. The company also restructured 9 million warrants and canceled approximately 16.29 million high-strike warrants. Additionally, Our Bond issued a $1 million promissory note due September 1, 2026, and amended preferred stock terms to manage dilution and market liquidity."
datetime: "2026-05-04T10:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285055836.md)
  - [en](https://longbridge.com/en/news/285055836.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285055836.md)
---

# Our Bond Revises Equity Line With Ascent, Cuts Max Commitment to $50 Million

Our Bond announced a series of financing actions with Ascent aimed at refining its capital access and structure. The company amended its equity line, lowering the maximum aggregate commitment to $50 million and tightening conditions for Expanded Closings of up to $5 million per tranche, while preserving access when liquidity is strong. It also restructured 9 million warrants with new exercise prices and cancelled roughly 16.29 million high-strike warrants to reduce overhang. Separately, Our Bond issued a $1 million, 10% promissory note due September 1, 2026, and agreed to amend preferred stock terms, including a $2.0265 Series D conversion price and a new leak-out to moderate selling pressure.

**Agreement 1: Our Bond Revises Equity Line With Ascent, Cuts Max Commitment to $50 Million**

-   **Agreement type**: Amendment No. 3 to Equity Line Securities Purchase Agreement
-   **Counterparty**: Ascent Partners Fund
-   **Signed / Effective**: May 04 2026 / May 04 2026
-   **Duration / Termination**: At will
-   **Reason**: Align equity financing capacity with market conditions

**Agreement 2: Our Bond Restructures 9 Million Warrants With Ascent; Cancels 16.29 Million High-Strike Warrants**

-   **Agreement type**: Amendment to Common Stock Purchase Warrants
-   **Counterparty**: Ascent Partners Fund
-   **Signed / Effective**: May 04 2026 / May 04 2026
-   **Duration / Termination**: Through Feb 27 2027 and Oct 27 2027
-   **Reason**: Restructure warrant terms and reduce overhang

**Agreement 3: Our Bond Issues $1 Million 10% Promissory Note to Ascent, Due Sep 1, 2026**

-   **Agreement type**: Promissory Note
-   **Counterparty**: Ascent Partners Fund
-   **Signed / Effective**: May 04 2026 / May 04 2026
-   **Duration / Termination**: Through Sep 01 2026
-   **Reason**: Obtain near-term working capital

**Agreement 4: Our Bond to Amend Series C/D Preferred Terms; Sets $2.0265 D Conversion, Adds Leak-Out**

-   **Agreement type**: Amendments to Certificates of Designation for Series C and Series D Preferred Stock
-   **Counterparty**: Holders of Series C and Series D Preferred Stock
-   **Signed / Effective**: May 03 2026 / May 03 2026
-   **Duration / Termination**: At will
-   **Reason**: Manage dilution and market liquidity during conversions

Original SEC Filing: Our Bond, Inc. \[ OBAI \] - 8-K - May. 04, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

### Related Stocks

- [OBAI.US](https://longbridge.com/en/quote/OBAI.US.md)
- [AST.UK](https://longbridge.com/en/quote/AST.UK.md)

## Related News & Research

- [Our Bond CEO to Present at LD Micro Invitational XVI; Slide Deck Filed](https://longbridge.com/en/news/286822267.md)
- [Our Bond, Inc. to Present at the LD Micro Invitational XVI | OBAI Stock News](https://longbridge.com/en/news/286105132.md)
- [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md)
- [MATTHEWS INTERNATIONAL ANNOUNCES PARTIAL REDEMPTION OF PREFERRED EQUITY INTEREST IN PROPELIS | MATW Stock News](https://longbridge.com/en/news/286961157.md)
- [Hafnia’s Q1 2026 Financial Results Presentation to Be Held on 27 May 2026 | HAFN Stock News](https://longbridge.com/en/news/287014236.md)